SIMBISA Brands (Simbisa) will steadily grow its customer count organically by focusing resources on expanding its store network in core markets, research and stockbroking firm, Inter Horizons (IH) Securities has predicted.
Organic growth is growth that a company can achieve by increasing output and enhancing sales, as opposed to inorganic growth from mergers or acquisitions.
The Victoria Falls Stock Exchange-listed fast-food company has an extensive footprint in Africa, with outlets in Zimbabwe and 10 African countries including Kenya, Ghana, Mauritius, Botswana, DRC, Malawi, Swaziland, Lesotho, and Zambia.